Of a decentralized web…Crypto Options… do I in fact own my domain name outright?” Or, “Are there stipulations attached to my registration?” The answer is no, you do not own your domain name outright, but policies and guidelines generally safeguard the domain from being drawn from you. At the end of the day,|The answer is no, you do not own your domain name outright, however regulations and policies typically protect the domain from being taken from you. At the end of the day,}
it is completely possible for your domain to be seized. You’re leasing it from the domain pc registry and they have complete control over what occurs with your domain name. I’ve spoken about this sanctioned monopoly system before which you can find out more about in my “Domain frequently asked question” video however you do not own your domain name. It’s really impossible to own a conventional domain name. You may have observed, I said conventional domain name because a company’s dealing with a new kind of domain name that you can own outright. I had the opportunity to speak with Brad Kam the co-founder of Unstoppable Domains to talk more about the future of the decentralized web. And no this video is not sponsored, I just believed this was truly, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain names on blockchains and this is different than a standard domain because the domain name is saved by you, the user within your cryptocurrency wallet. So it’s kept within your wallet, much like a cryptocurrency would be. And what this does is it suggests that no one else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, no one can do it.
They need to go and get your private secret, which is on your gadget, like your phone or your computer system or whatever. – Right now, when you go to buy a domain you don’t actually own it. You’re leasing it from a domain registrar like Namecheap and they’re renting it at wholesale rates from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. Which suggests they have the power to take a domain name at any provided time. Now, this is technically extremely rare, however it is possible. And it raises an increasing issue with our internet, control. Brad calls this the power structure of a domain name system. – We’re a computer system registry comparable to like a Verisign. Because when we have actually offered you a domain there’s absolutely nothing that we can do, the power structure is very different. , if it’s a.com domain you’re relying on the computer registry not to change rates or take the domain away from you in the future.. Our domain are one-time costs, so you never ever have to stress over it. When you buy a domain name it’s more like purchasing a football from us. Like there’s nothing we can do. We can’t update or edit or take the football away from you when you have it. In the traditional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for example of.com domains. We’re primarily selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for instance, and you can purchase them. Yeah, I think that’s something that’s going to build. In regards to us starting, it was a little much easier for us to type of manage the entire user experience and construct all these unique tools.
However if you were to like, you understand picture what things are going to be like in 5 to ten years. Yeah, there need to be great deals of different sellers and resellers and things like that. – Naturally a new type of domain implies that you can’t register.com,. co,. net or any of the basic TLDs you’re used to seeing. Right now Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect fit for your blog or organization but we could see some generic TLDs being provided in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a totally various domain name system, suggesting you can’t type craylor.crypto into your internet browser and load it or can you? See these crypto domains are NFT products. You have actually probably seen this term turn up all over recently. Non-fungible tokens are units of data on a ledger, that is the blockchain and they represent an unique digital product.
In this case, a domain. Now I’m not declaring to understand all the technical specifics of this new domain name system. To be honest, I still struggle with some of the concepts of cryptocurrency, and I’m not a professional in this area. Today we’re not focusing as much on the technical side of NFT domains however more on what it implies for the future of the internet. The biggest bottleneck is that web web browsers Google Chrome, Safari, and Microsoft Edge have not yet executed support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare including assistance for their domains.